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Baylin Tech (TSE:BYL)
TSX:BYL
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Baylin Tech
(TSX:BYL)
43Neutral
Baylin Tech (BYL) vs. S&P 500 (SPY)
Market Cap
C$36.37M
Dividend YieldN/A
Average Volume (3M)23.31K
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees801
SectorTechnology
Sector Strength40
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.05
Shares Outstanding151,560,210
10 Day Avg. Volume8,433
30 Day Avg. Volume23,307
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.65
Price to Cash Flow (P/CF)6.20
P/FCF Ratio2.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.40Price Target Upside66.67% Upside
Rating ConsensusHold
Number of Analyst Covering1
Baylin Tech Business Overview & Revenue Model
Company DescriptionBaylin Tech (BYL) is a leading provider in the telecommunications sector, specializing in innovative wireless solutions. The company focuses on designing, developing, and supplying advanced antenna technologies and radio frequency components for a variety of applications, including mobile, broadband, and satellite communications. Baylin Tech serves a diverse clientele ranging from network operators to global tech companies, ensuring seamless connectivity and enhanced communication capabilities.
How the Company Makes MoneyBaylin Tech generates revenue primarily through the sale of its proprietary antenna and radio frequency solutions. Key revenue streams include direct sales to telecommunications companies, licensing agreements for its patented technologies, and long-term contracts with major network operators. The company also benefits from partnerships with global technology firms, enhancing its product distribution and market reach. Additionally, Baylin Tech invests in research and development to innovate and expand its product offerings, thereby increasing its competitive edge and potential revenue growth.
Baylin Tech Financial Statement Overview
Summary
Baylin Tech is facing significant financial challenges, including declining revenues, persistent losses, and negative equity. Despite some improvement in free cash flow, the company struggles with solvency and operational inefficiencies.Income Statement
Baylin Tech has shown a substantial decline in revenue over recent periods, with a negative revenue growth rate from 2022 to the TTM period. The gross profit margin for TTM is approximately 50.42%, which is relatively strong; however, the net profit margin remains negative at -23.74%, indicating significant challenges in achieving profitability. The company also exhibits negative EBIT and EBITDA margins, reflecting operational inefficiencies.25
Negative
Balance Sheet
The balance sheet reveals a concerning negative stockholders' equity of -$5.34 million as of the TTM period, suggesting potential solvency issues. The debt-to-equity ratio cannot be calculated due to negative equity, but the total debt level remains high. The company's equity ratio is negative, indicating that liabilities exceed assets, posing a risk to financial stability.15
Very Negative
Cash Flow
Baylin Tech's cash flow situation is challenging, with negative operating and free cash flows in the TTM period. The operating cash flow to net income ratio and free cash flow to net income ratio are unfavorable, suggesting ongoing cash generation issues. Despite these challenges, the slight improvement in free cash flow growth compared to previous periods provides a minor positive indication.30
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 61.91M | 73.04M | 120.86M | 102.49M | 119.74M | 153.32M | Gross Profit |
| 31.22M | 28.40M | 32.91M | 15.11M | 35.40M | 54.94M | EBIT |
| -1.81M | -5.44M | -12.44M | -28.90M | -9.35M | -2.06M | EBITDA |
| -269.00K | 229.00K | -1.52M | -46.28M | -1.29M | 1.27M | Net Income Common Stockholders |
| -14.70M | -13.85M | -16.88M | -67.42M | -16.92M | -19.61M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 20.86M | 4.90M | 7.38M | 19.67M | 11.21M | 13.97M | Total Assets |
| 170.52M | 59.71M | 74.38M | 93.03M | 133.47M | 147.56M | Total Debt |
| 49.43M | 28.66M | 44.83M | 48.76M | 58.44M | 62.83M | Net Debt |
| 28.57M | 23.76M | 37.45M | 29.08M | 47.24M | 48.85M | Total Liabilities |
| 88.69M | 59.75M | 77.64M | 81.25M | 84.61M | 88.68M | Stockholders Equity |
| 81.83M | -36.00K | -3.26M | 11.78M | 48.86M | 58.88M |
| Cash Flow | Free Cash Flow | ||||
| -1.33M | -7.39M | -6.74M | -8.29M | -3.47M | -9.44M | Operating Cash Flow |
| -1.20M | -7.08M | -4.98M | -6.88M | 3.66M | -2.73M | Investing Cash Flow |
| -90.00K | -33.00K | -1.74M | -1.41M | -6.98M | -2.67M | Financing Cash Flow |
| 716.00K | 4.85M | -6.59M | 16.86M | 636.00K | -792.00K |
Baylin Tech Technical Analysis
Negative
0.24
Price Trends
0.29
Negative
0.35
Negative
0.35
Negative
Market Momentum
-0.01
Negative
43.32
Neutral
53.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BYL, the sentiment is Negative. The current price of 0.24 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.29, and below the 200-day MA of 0.35, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 43.32 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:BYL.
Baylin Tech Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $10.91B | 18.85 | 23.36% | ― | 23.03% | 81.01% | |
57 Neutral | $18.57B | 9.42 | -13.42% | 2.72% | 5.01% | -23.43% | |
56 Neutral | $199.11M | 12.34 | 59.45% | ― | -2.68% | ― | |
54 Neutral | $2.55B | ― | -7.59% | ― | -31.15% | 30.02% | |
50 Neutral | C$1.26B | ― | -0.38% | ― | 18.07% | 98.61% | |
43 Neutral | C$36.37M | ― | 275.12% | ― | ― | ― |
* Technology Sector Average
Performance Comparison
TSE:BYL
Baylin Tech
0.24
-0.06
-20.00%
TSE:BB
BlackBerry
4.28
0.37
9.46%
TSE:CLS
Celestica
94.08
26.95
40.15%
TSE:DRT
DIRTT Environmental Solutions
1.05
0.34
47.89%
TSE:NFI
NFI Group Inc
10.55
-1.51
-12.52%
Baylin Tech Earnings Call Summary
Earnings Call Date: Mar 20, 2025 | % Change Since: -7.69% | Next Earnings Date: May 7, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue growth and improved profitability metrics, driven by successful sales and innovative product wins in the SATCOM line. Despite ongoing net losses and regulatory challenges in asset sales, the company demonstrated resilience with a strong backlog and positive outlook for 2025. Overall, the positive developments outweighed the challenges faced.Highlights
Significant Revenue Growth
Revenue from continuing operations was $20.7 million in Q3 2024, an increase of $3.8 million or nearly 26% compared to Q3 2023.
Improved Gross Profit and Margin
Gross profit from continuing operations increased by $2.9 million, or over 44%, compared to the same quarter last year. Gross margin increased to 46.1% from 39.2% in Q3 2023.
Positive Adjusted EBITDA
Adjusted EBITDA from continuing operations was $0.9 million, an increase of $1.7 million from the negative $0.8 million in Q3 2023.
Successful Sale of Assets
Completed the sale of Galtronics Korea Limited, recognizing a gain of $0.9 million, with the expected completion of Galtronics Vietnam Company Limited sale in Q4 2024.
Innovative Wins in SATCOM
SATCOM's high-power amplifier systems were chosen for various projects, including NASA's Artemis Moon exploration program and the North Warning System.
Resilient Backlog
Backlog from continuing operations increased from $30.2 million at the end of Q3 to $31.9 million by October 31, 2024.
Lowlights
Net Loss Persistence
Net loss from continuing operations was $1.4 million in Q3, compared to a net loss of $2.4 million in the same quarter last year.
Challenges with Regulatory Approvals
The sale process in Vietnam is taking longer than expected due to regulatory approvals.
Seasonal Revenue Decline
Revenue from Embedded and Wireless Infrastructure business lines was lower than the second quarter, which is attributed to seasonal trends.
Increased Net Debt
Net debt from continuing operations increased by $2.2 million from the end of last year, mainly due to cash used for interest payments.
Company Guidance
During the Baylin Technologies Q3 2024 earnings call, several key metrics were highlighted. The company's revenue from continuing operations increased by 26% to $20.7 million compared to the same quarter last year, driven by higher sales volumes in the embedded and wireless infrastructure business lines. Gross profit saw a significant rise of over 44%, reaching $9.5 million, while gross margin improved to 46.1%, up from 39.2% in Q3 2023. Adjusted EBITDA from continuing operations turned positive at $0.9 million, a notable improvement from a negative $0.8 million in the previous year. The net loss from continuing operations narrowed to $1.4 million, equating to a $0.01 per share loss, compared to a $0.03 per share loss last year. The backlog also increased to $31.9 million by October 31, 2024, demonstrating strong order flow across all business lines. Despite the positive financial performance, the macroeconomic environment remains a concern, with cautious optimism expressed for future quarters.Baylin Tech Corporate Events
Product-Related AnnouncementsBusiness Operations and Strategy
Baylin Technologies Secures $379k Multibeam Antenna Order at Mobile World Congress
Positive
Mar 25, 2025
Baylin Technologies announced that its Galtronics business received a $379,000 order for multibeam antennas during the Mobile World Congress in Barcelona. This order highlights the growing demand for Galtronics’ innovative antennas, which are valued for their ability to handle high-capacity needs at competitive prices, strengthening Baylin’s position in the wireless technology industry.
Financial Disclosures
Baylin Technologies Reports Strong Fiscal 2024 Financial Results
Positive
Mar 20, 2025
Baylin Technologies Inc. reported strong financial results for fiscal 2024, with a 14.4% increase in revenue to $83.6 million and a 21.1% rise in gross profit to $34.4 million. The company’s improved performance was driven by increased sales in the Embedded Antenna and Wireless Infrastructure business lines, resulting in a higher gross margin of 41.1%. Despite a net loss of $8.5 million, Baylin’s adjusted EBITDA saw a significant improvement, reaching $5.4 million from a negative $0.2 million the previous year. The company also experienced a positive outcome from its discontinued operations, with a net income of $0.6 million due to the sale of its Mobile and Network business line.
Delistings and Listing Changes
Baylin Technologies Achieves DTC Eligibility for U.S. Market
Positive
Feb 25, 2025
Baylin Technologies has announced that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (DTC). This development is expected to simplify trading, enhance liquidity, and broaden investor access to Baylin’s shares in the U.S. market, aligning with the company’s commitment to improving shareholder value.
Delistings and Listing ChangesBusiness Operations and Strategy
Baylin Technologies Commences Trading on OTCQB Market
Positive
Jan 29, 2025
Baylin Technologies announced that its common shares are now trading on the OTCQB market, allowing U.S. investors easier access. This move aligns with Baylin’s growth strategy, leveraging its significant U.S. commercial presence as the company experiences renewed growth driven by advances in high-tech communication technologies.
Product-Related AnnouncementsBusiness Operations and Strategy
Baylin Technologies Enhances Connectivity at Times Square with Advanced Antennas
Positive
Jan 23, 2025
Baylin Technologies has announced that its Galtronics subsidiary’s multibeam antennas have been installed in New York City’s Times Square to enhance mobile traffic capacity, especially during high-demand events like New Year’s Eve celebrations. This installation underscores Baylin’s capabilities in providing high-performance antenna solutions, potentially strengthening its market position and benefiting stakeholders by improving connectivity in high-traffic areas.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.